Asia-Pacific Contract Logistics Market Impact of COVID-19 Outbreak on Business Opportunities and Future Scope till 2027

Publisher: The Insight Partners

Contract logistics is defined as a comprehensive process from production to distribution at the point of final sale. In short, contract logistics is not just a process of moving goods, but a much more comprehensive course of action that integrates traditional logistics and supply chain management processes.

According to the report, Contract Logistics market in Asia-Pacific is expected to grow from US$ 80,963.7 Million in 2019 to US$ 126,102.9 Million by the year 2027. This represents a CAGR of 5.8% from the year 2020 to 2027.

Construction usually refers to the creation of physical structures such as buildings, bridges and roads. Manufacturing usually refers to the production of finished products that are sold to distributors, retailers, or consumers.

The Asia-Pacific Contract Logistics market is growing along with the manufacturing and construction industry, but the market is likely to slow down its growth due to the shortage of skilled professionals, suggests the Business Market Insights report.

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China has anticipated to leads the Contract Logistics market across the Asia-Pacific region through the forecast period. India is one of the leading markets for contract logistics in Asia-Pacific. India’s contract logistics market is witnessing a constant growth. This has resulted in new challenges for the industry such as demand for expansion of product and services portfolio, availability of more efficient networks, as well as attainment of control over volatile costs. Moreover, the market is highly fragmented, which provides a huge room for growth of contract logistics players in India. Also, the growth of end-user industries, as well as increasing demand for complex logistics solutions with dedicated value-added services, are propelling the growth in this sector. This bolsters the Asia-Pacific Contract Logistics market in the forecast period. The figure given below highlights the revenue share of the Rest of Asia-Pacific in the Asia-Pacific Contract Logistics market in the forecast period:

These factors are expected to offer broad growth opportunities in the manufacturing and construction industry and this is expected to cause the demand for immunochemistry assays in the market.

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ASIA-PACIFIC CONTRACT LOGISTICS – MARKET SEGMENTATION

By Type

• Outsourcing

• Insourcing

By Services

• Transportation

• Warehousing

• Packaging Processes and Solutions

• Distribution

• Production Logistics

• Aftermarket Logistics

By End User

• Aerospace

• Automotive

• Consumer

• High-Tech

• Industrial

• Pharma & Healthcare

• Retail

• Others

By Country

• Australia

• China

• India

• Japan

• Rest of Asia-Pacific

Companies Mentioned

• Deutsche Post AG

• XPO Logistics Inc.

• Kuehne + Nagel International AG

• CEVA Logistics AG

• DB Schenker

• Hitachi Transport System Ltd

• Geodis

• Neovia Logistics Services

• UPS Supply Chain Solutions

• Ryder System

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